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May 17, 2013
05/13
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they get state tax exemptions. property tax exemptions. postal rate reductions. these are significant benefits in addition to just tax exemption. we have to look at them. many of them are small organizations. some of them are large organizations that we need to take a look at. did you look at particular issues within them. we will look for, is their private benefit. is there political activity going on. no activity is permissible. those are things that take time. we try to look. we try to move them along as fast as we can. we do not have enough people right now. >> this will be a continuing conversation. >> thank you, mr. chairman. could you define -- >> under the internal revenue code, political campaign activity has some limits. you need a candidate. you need a candidate for public office. that sort of is what you need for it to be a political campaign. a little different under 527. connell: republican congressman of nebraska doing the questioning now as we continue our coverage of these hearings in washington, d.c. steve miller has been under the gun. dagen: w
they get state tax exemptions. property tax exemptions. postal rate reductions. these are significant benefits in addition to just tax exemption. we have to look at them. many of them are small organizations. some of them are large organizations that we need to take a look at. did you look at particular issues within them. we will look for, is their private benefit. is there political activity going on. no activity is permissible. those are things that take time. we try to look. we try to move...
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May 15, 2013
05/13
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that is not what you want in your tax collectors. dagen: no, but we get everything from you that we want and need always. judge, thank you. judge andrew napolitano. >> whatever i am, it is a delight to be on with both of you. connell: so much love in the room. dagen: remember, too losers make a winner. connell: the soli scandal in washington, the judge is getting into this. it could -- dennis and cheryl are all over that as markets now continues. dagen: more news on housing. an exclusive interview with the ceo of the national homebuilders association. ♪ ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves.. futures move first. lrn futures from experienced pros with dedicated chats and daily live webinars. and trade witith papermoney to test-drive the market. ♪ all on thinkorswim. from tdmeritrade. ♪ cheryl: we are fast approaching noon eastern time. hello, everyone. i am cheryl casone. dennis: i am dennis kneale. some were the president could squander his second term on defe
that is not what you want in your tax collectors. dagen: no, but we get everything from you that we want and need always. judge, thank you. judge andrew napolitano. >> whatever i am, it is a delight to be on with both of you. connell: so much love in the room. dagen: remember, too losers make a winner. connell: the soli scandal in washington, the judge is getting into this. it could -- dennis and cheryl are all over that as markets now continues. dagen: more news on housing. an exclusive...
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May 13, 2013
05/13
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leave other applications for tax exemption less scrutinized? no. does it violate the constitution? yes, it does. can you sing the people out because of their political speech? no. is it a crime for the government to do it? no, it is not. congress has written legislation senate can do just about anything they want as long as they don't conspire with taxpayers to chief the government. the worst that can happen is some will lose their jobs in the president would have egg on his face. does congress wants to make it unlawful for the irs to torment the government's political opponents? of course not. they each want to be able to do it when they are in power. ashley: it is unconstitutional, but there is no crime committed here. >> whoever spent more money on legal fees and accounting work and spent more time getting the applications through the irs because he irs did not like their political opinion, no, they can't, so the remedy here is really political. embarrass the president, to pressure the president, to fire these people, to pressure congress fo
leave other applications for tax exemption less scrutinized? no. does it violate the constitution? yes, it does. can you sing the people out because of their political speech? no. is it a crime for the government to do it? no, it is not. congress has written legislation senate can do just about anything they want as long as they don't conspire with taxpayers to chief the government. the worst that can happen is some will lose their jobs in the president would have egg on his face. does congress...
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May 16, 2013
05/13
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they talked about tax pressure on some of the customers. the other thing that i noticed a trend between macy's and walmart. bases noticed the low end consumer was having a hard time. what we are seeing, though, they suggested that the profit would again ms. their numbers. really talking about a tough time for walmart at the moment. connell: thank you, nicole. dagen: jobless claims hit their highest level in over six weeks. it rose to 360,000. with all of that in mind, what is the deal with this disappointing set of economic figures? are you still thinking the stock market is great, but the stock market is not necessarily? >> despite, walmarts numbers, this earnings season, we saw a lot of companies where america came in stronger than expected. it has been a long time since you been able to say that. for me, the american public is still not buying into this. the only thing that i think is happening is people are not living for tomorrow. our savings rate has gone down to 2%. we are not taking the bait. we are not buying things on credit cards
they talked about tax pressure on some of the customers. the other thing that i noticed a trend between macy's and walmart. bases noticed the low end consumer was having a hard time. what we are seeing, though, they suggested that the profit would again ms. their numbers. really talking about a tough time for walmart at the moment. connell: thank you, nicole. dagen: jobless claims hit their highest level in over six weeks. it rose to 360,000. with all of that in mind, what is the deal with this...
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May 14, 2013
05/13
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you know i talked to him in the past reporting on tax soreries. hard for me to believe the guy up top doesn't know what is going on. >> that's a good point. you would think that if your senior aides or advisors or staff knew of this seven months prior to being asked a question he would know that as well. now when he, offers assurances that no, in fact this is not occuuring you sort of have to take his word for it. that's all you can do. in fact this report coming out is shedding light what we suspected was going on and the question today is, did he lie intentionally and who made the order? who made the call? that is what the american people really frustrated about right now. that the power of this government is being used against political opponents and what involvement did the administration have or not have in this? those are questions we'll be looking for in the days ahead. ashley: congressman graves, using the irs as a political weapon certainly nothing new. goes back, you could argue all the way back to fdr, kennedy, nixon and so on. it may b
you know i talked to him in the past reporting on tax soreries. hard for me to believe the guy up top doesn't know what is going on. >> that's a good point. you would think that if your senior aides or advisors or staff knew of this seven months prior to being asked a question he would know that as well. now when he, offers assurances that no, in fact this is not occuuring you sort of have to take his word for it. that's all you can do. in fact this report coming out is shedding light...
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May 20, 2013
05/13
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tax big oil. state senator evans of santa rosa introduced a new bill that would impose a tax on harvesting oil and natural gas in the golden state. opponents say oil companies are already paying monumental fees in taxes in california. sacramento tops the list of latest consumer distress index cities when credibility added together employment, housing, credit, sacramento got the lowest score at 68. anyplace below 70 indicates distressed household. in portland, a fight over fluoride. the city votes tomorrow whether or not to overturn the counsdocs decision to fluoride the water. it's a divisive issue between liberals and conservatives in the city. organic food companies and environmentalists are waging war. supporters say it will protect the city's kids against tooth decay. that's your west coast minute. dennis: and it's been around for decades. let's fight about it right now. we fight over every basic thing. unable to escape the spotlight, legal battle surrounding steve cohen. s.a.c. capital appear
tax big oil. state senator evans of santa rosa introduced a new bill that would impose a tax on harvesting oil and natural gas in the golden state. opponents say oil companies are already paying monumental fees in taxes in california. sacramento tops the list of latest consumer distress index cities when credibility added together employment, housing, credit, sacramento got the lowest score at 68. anyplace below 70 indicates distressed household. in portland, a fight over fluoride. the city...
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May 20, 2013
05/13
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big government needs big tax collector there. lori: there is always tax fraud. are they just not able to do that part of their job? if you cannot do a job because some people did some abusive things inside the organization, that should be good news. in terms of fraud, there is real fraud. that should not be mixed up with politics and are you on the wrong side of the political divide in may, after you or you do not like the irs so they come after you. lori: a white house lawyer knew of this weeks ago and did not tell the president. what do you make of the white house reaction now? >> it is amazing that the president apparently did not know anything about anything. the real scandal is officials knew in 2012, before the election, that this stuff was going on in they let it happen. it is like steroids in baseball. they knew it was happening in they let it happen. lori: fascinating comparison. thank you. ashley: yahoo! making it official that they will bite tumblr. it is a pricey bid, no doubt. dennis neil runs it down for us. dennis: what are they really getting for
big government needs big tax collector there. lori: there is always tax fraud. are they just not able to do that part of their job? if you cannot do a job because some people did some abusive things inside the organization, that should be good news. in terms of fraud, there is real fraud. that should not be mixed up with politics and are you on the wrong side of the political divide in may, after you or you do not like the irs so they come after you. lori: a white house lawyer knew of this...
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May 16, 2013
05/13
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2.5 million in taxes last year. what they do per course. they can garnish your wages, take your assets, president -- put you in jail. it's a powerful, powerful agency, and when you use that agency to go against political enemies, hunt them down -- ashley: talking about this tonight? >> we will, but also a topic which i think your viewers might like which is what's going on with bees. bees. we're talking about bees. what's happening to the population of bees? it's diminishing dramatically because of problems in the environment. we have live bees on set. ashley: interesting. just flying around? >> i have a scientist coming in with bees. tracy: man, oh, man, i hope they are not flying around. i'm scared of bees. ashley: i can't wait. wear the big hat and vail. >> i don't know what's in store for me. ashley: stay tuned, as they say, don't miss "the willis report" and the bees here on the fox "b" business. " b" for business. there you go. tracy: breaking news, oil closing up at $95.16. today's gain of nearly 1% marks the second straight day that
2.5 million in taxes last year. what they do per course. they can garnish your wages, take your assets, president -- put you in jail. it's a powerful, powerful agency, and when you use that agency to go against political enemies, hunt them down -- ashley: talking about this tonight? >> we will, but also a topic which i think your viewers might like which is what's going on with bees. bees. we're talking about bees. what's happening to the population of bees? it's diminishing dramatically...
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May 13, 2013
05/13
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very similar to a sales tax. you eliminate all of these complexities that nobody understands and eliminate the lobbying. of course, then, you also illuminate the irs snooping on people. connell: there you go. before there are a lot of people to do some snooping their. connell: the mike huckabee show begins in 20 minutes. thanks a lot, governor. >> it is great to be with you guys. have a great day. dagen: back to your bunker. connell: cheryl and dennis have an organization that says that @here are rest is being targeted in a major way. plus, this bloomberg story. elizabeth macdonald will do some reporting on that for us. the idea is you can get information on everybody on wall street. dagen: the federal reserve paying very close attention to this. connell: we will talk about that coming up. ♪ with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and ex
very similar to a sales tax. you eliminate all of these complexities that nobody understands and eliminate the lobbying. of course, then, you also illuminate the irs snooping on people. connell: there you go. before there are a lot of people to do some snooping their. connell: the mike huckabee show begins in 20 minutes. thanks a lot, governor. >> it is great to be with you guys. have a great day. dagen: back to your bunker. connell: cheryl and dennis have an organization that says that...
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May 17, 2013
05/13
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he has no tax experience. ashley: no. tracy: but the guy is a number cruncher and your tax return is one big math problem so he could probably pull it off. ashley: let's get to the heart of this matter with more on the irs tea party targeting controversy is representative charles boustany of louisiana. chairman, by the way of the house ways and means subcommittee on oversight. congressman, thank you for joining us. you were one of the first to really turn the heat up on the outgoing irs commissioner miller. have you yet gotten the answers that you are looking for? >> no, we have not. we continue to see arrogance, denial, and evasion from the acting commissioner and others and i can tell you we're going to get to the bottom of this, if we have to get every single person at the irs to testify under oath. we're going to get to the bottom of it. this is completely unacceptable. they continue to basically not provide information, not only to congress but to the american people. it's wrong. tracy: you know, mr. miller was asked
he has no tax experience. ashley: no. tracy: but the guy is a number cruncher and your tax return is one big math problem so he could probably pull it off. ashley: let's get to the heart of this matter with more on the irs tea party targeting controversy is representative charles boustany of louisiana. chairman, by the way of the house ways and means subcommittee on oversight. congressman, thank you for joining us. you were one of the first to really turn the heat up on the outgoing irs...
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May 14, 2013
05/13
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the congressman is right, the most feared agency in america because the power to tax is the power to destroy. this is one of the most dangerous things that can happen in the united states of america. further investigation needs to happen because we have seen a culture of corruption. barack obama, i am not suggesting he knew anything about this but he came out of this tradition of demonizing opponents that this would fit right into that culture. connell: you think we ought to fire now? or weight? >> enough to go forward with hearings and further investigation but we have to see where did is originate? dagen: almost looks at least for lack of a better phrase cover-up part of it. doug schulman was the george bush appointee and he testified initially he didn't know anything about the targeting, he was informed in may of last year about it and steve miller was in communication with some gop lawmakers after he was aware of the targeting and never disclosed. >> what did they know and when did they know it. the original iteration of the story a couple days ago was low-level employees in cinc
the congressman is right, the most feared agency in america because the power to tax is the power to destroy. this is one of the most dangerous things that can happen in the united states of america. further investigation needs to happen because we have seen a culture of corruption. barack obama, i am not suggesting he knew anything about this but he came out of this tradition of demonizing opponents that this would fit right into that culture. connell: you think we ought to fire now? or...
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May 15, 2013
05/13
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plus, would you relocate for a lower tax break? which cities have the lowest tax rate and why it might mean more jobs. "countdown to the closing bell" starts right now. >> i'm liz claman, the last hour of trading, but we have to back up to 40 minutes ago when the markets started to back off the climb that it experienced earlier today. we have the s&p just s
plus, would you relocate for a lower tax break? which cities have the lowest tax rate and why it might mean more jobs. "countdown to the closing bell" starts right now. >> i'm liz claman, the last hour of trading, but we have to back up to 40 minutes ago when the markets started to back off the climb that it experienced earlier today. we have the s&p just s